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Mar 4, 2026
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5 min read
Hlayisani Capital Raises R500 Million for Fund II: And the Backers Really Matter
One of South Africa's oldest venture capital firms has secured R500 million in first-close commitments for its second venture fund, backed by the Public Investment Corporation and the SA SME Fund. For a firm that traces its roots to some of the earliest angel investing on the continent, the real story isn't the fund size. It's who's writing the cheques and what that signals about institutional confidence in SA VC.
